DnB- 2021

langeløp
DNB 07.12.2020 kl 10:18 1383

Dnb kursen møtte mostand på 165, aksjen reagerer ofte med oppgang som resulterer i nedgang og har vært innefor 158-164 kr etter 165 var nådd.
Det finnes ikke mye infoen angående dagens hvitvaskingssak pga av det ikke er avklart , september var nedgående trend av hvitvasking skriverier for hele banksektoren men trenden snudde.

Kan en ny ed dividend dato og tilbakekjøp av aksjer sørge for at dnb kan forsette trenden mot ny ath?

Redigert 20.01.2021 kl 20:00 Du må logge inn for å svare
EnAksjeTil
27.01.2021 kl 16:40 1041

Hva skal man tro? Blir denne aksjen en ørkenvandring gjennom 2021? Sitter med fingeren på selg knappen......
Redigert 27.01.2021 kl 16:41 Du må logge inn for å svare
Slettet bruker
02.02.2021 kl 22:16 837

Ahead of February 10: Improved outlook - Target price change

NII and trading income impacted by exchange rate effects
We expect a DPS of NOK 6.84 to be announced
We reiterate SELL; target price up to NOK 155 (135)

High activity in the private segment

The outlook for the Norwegian economy has improved. Retail customers continue to illustrate strong resilience to COVID-19, the unemployment rate is still low and activity on the Norwegian housing market is good, thereby supporting mortgage volumes and real estate brokerage. The oil price has increased to around USD 50/bbl from around USD 40/bbl in 2020, which we expect should soften the pressure on credit quality for oil and offshore exposure.


Dividend outlook

We expect DNB to announce an ordinary DPS of NOK 6.84 based on 25% of accumulated net profit for 2019 and 2020e, which would be in line with the recommendation from the Norwegian FSA. Furthermore, we expect DNB to signal further payout in 2021, most likely in the form of an additional dividend of up to NOK 10 per share. These distribution levels would enable DNB to lower its current capital surplus. We estimate a CET1 ratio of 18.5% as of the end of Q4, which constitutes headroom of 3.8 p.p. (i.e. a surplus of NOK 18 per share or ~10% of the share price) to the minimum CET1 ratio requirement of 14.7%, which includes a management buffer of 1.0 p.p.


2020e adjusted EPS cut by 4%; 2021e-22e lifted by 1% each

We lower our 2020 estimates for NII and trading income as a consequence of FX headwinds in Q4, in particular from the USD. We lift our cost estimate for 2020 by roughly NOK 400m to reflect the AML fine. For 2021-22, we increase our NII estimates to reflect our expectations of continued strength in lending growth in the private segment and rate hikes in 2022. We lift our target price to NOK 155 (135) to reflect the revaluation of cyclical shares in recent months, and what we consider as an improved outlook for DNB, but as this does not point to upside over the coming 12 months, we reiterate SELL.
Zorin
03.02.2021 kl 08:16 716

Dagens kurs på omkring 165-169 vil nok holde seg til det åpnes for fullt utbytte igjen samt at Covid-19 pandemien er over.